Credit/Private Debt
He will focus on continuing to grow the firm’s European corporate credit investment platform.
System’s endowment is underweight its target to the asset class.
The four new firms help make up the plan’s new $5.2 billion fixed-income structure.
Plan’s board considered terminating an emerging markets value equity manager and disclosed several alternative commitments and manager terminations last month.
Plan approved four new alternatives commitments and has begun a search for an investment analyst.
Search is for a consultant to oversee a 2% portfolio to private credit approved in August 2020.
The plan committed $700 million to two alternative managers.
Plan’s consultant will present report on the $8 million search in June or July.
He will handle the origination, execution and management of credit investments across the capital structure in the region.
The transaction is expected to complete in the first quarter of 2023.
